thecryptobasic.com
Large Cardano investors significantly increased their holdings over the past week, signaling growing confidence in $ADA’s near-term outlook.
According to on-chain data from Santiment, Cardano wallets controlled by large holders accumulated more than 30 million $ADA over the past seven days. The data also shows that whale holdings steadily climbed to 5.69 billion $ADA, suggesting consistent accumulation rather than isolated purchases.
Whale accumulation often draws market attention because these investors have the financial resources to influence price trends. Although sustained buying does not guarantee an immediate price rally, it generally reflects growing confidence among major market participants and is often viewed as a bullish on-chain signal.
Accumulation Extends an Ongoing Trend
The recent buying activity is part of a broader accumulation trend rather than a one-off event. Cardano whales have remained highly active in recent weeks as they continue to expand their exposure to $ADA.
Previously, The Crypto Basic reported that wallets holding between 100,000 and 100 million $ADA increased their combined balance to 25.6 billion $ADA, the highest level in more than three and a half years.
The addition of another 30 million $ADA further strengthens the view that major holders are positioning themselves ahead of a potential market move.
Cardano Reclaims a Spot Among the Top 15 Cryptocurrencies
Meanwhile, renewed whale accumulation has coincided with improving sentiment across the broader crypto market, helping Cardano regain ground in the market-cap rankings.
Notably, $ADA overtook Stellar (XLM) to reclaim its position as the 15th-largest cryptocurrency by market capitalization. Cardano currently boasts a market cap of $6.39 billion, narrowly edging past Stellar’s $6.30 billion valuation.
Moreover, the gap separating Cardano from the projects immediately above it remains relatively small. Chainlink (LINK), ranked 14th, has a market capitalization of $6.43 billion, while Monero (XMR) occupies the 13th position with a valuation of $6.61 billion. If $ADA maintains its current momentum, it could challenge both cryptocurrencies in the coming days.
Hoskinson Still Expects a Return to the Top 10
Cardano founder Charles Hoskinson has also remained optimistic about the project’s long-term prospects. He recently reiterated his belief that $ADA could re-enter the top 10 cryptocurrencies by market cap before the end of the year.
To achieve that milestone, Cardano’s market value would need to surge 76.05% from its current level of $6.39 billion to around $11.25 billion, assuming the market cap of Dogecoin, the current 10th-largest cryptocurrency, remains unchanged. Under that scenario, $ADA would surpass Dogecoin to reclaim a place among the industry’s top 10 digital assets.
At press time, $ADA trades at $0.1752, up 0.97% over the past 24 hours. The cryptocurrency has also spiked 6.30% over the past seven days, reflecting improving market momentum alongside the latest wave of whale accumulation.